Timestamps and story links: 00:00 Intro 00:51 2024 Mustang Mach-E Pricing Update insideevs.com/news/714208/2024-ford-mustang-mache-prices/ 03:15 Ford Reduces Workforce at Electric F-150 Factory Amid Slowing EV Sales www.autoblog.com/2024/03/28/ford-cuts-jobs-at-f-150-lightning-plant-in-dearborn-mi-as-ev-sales-slow/ 04:38 Kia EV9 Set for US Production and Full Tax Credit Eligibility insideevs.com/news/714253/kia-georgia-plant-running-ev9/ 06:11 Global Surge in Electric Vehicle Adoption news.google.com/rss/articles/CBMibGh0dHBzOi8vd3d3LmJsb29tYmVyZy5jb20vbmV3cy9hcnRpY2xlcy8yMDI0LTAzLTI4L2VsZWN0cmljLWNhcnMtcGFzcy1hZG9wdGlvbi10aXBwaW5nLXBvaW50LWluLTMxLWNvdW50cmllc9IBAA?oc=5 14:00 Xiaomi Unveils SU7 EV, Challenging Tesla with Competitive Pricing cnevpost.com/2024/03/28/xiaomi-launches-su7/ 22:30 Fisker's Payment Mismanagement During Ocean Deliveries www.teslarati.com/fisker-lost-millions-of-customer-payments-report/ 25:50 Polestar EV Charging Service in Europe Includes Superchargers www.electrive.com/2024/03/28/polestar-launches-polestar-charge-in-europe/ 30:28 Stellantis Plans Over 3,000 Voluntary Layoffs in Italy www.autoblog.com/2024/03/27/new-stellantis-layoffs-mean-over-3000-jobs-set-to-go-in-italy/ 31:48 CATL to License LFP Battery Tech to GM with Plans for North American Factory news.google.com/rss/articles/CBMicWh0dHBzOi8vY2FybmV3c2NoaW5hLmNvbS8yMDI0LzAzLzI4L2NhdGwtbmVnb3RpYXRpbmctbGljZW5zaW5nLWxmcC1iYXR0ZXJ5LXRlY2gtdG8tZ20tYW5kLXRvLWJ1aWxkLWpvaW50LWZhY3Rvcnkv0gEA?oc=5 33:26 CATL Unveils Durable EV Battery with 15-Year Lifespan www.notebookcheck.net/Electric-vehicles-can-claim-15-year-warranty-as-CATL-outs-million-mile-battery-with-zero-degradation-in-1000-cycles.819405.0.html 34:42 Support www.patreon.com/EVNewsDaily
scaling up the production of EVs is one thing that drives down the cost. but the real driver is innovation that makes the product cheaper and better. i always make this comparison to illustrate that progress of 10years EV development comparing the id.7 with the first tesla model s: * half the price (adjusted for inflation) * double the range * tripple the charging speed
Adding to your points above for the SU7, it is the most aerodynamic production EV on sale with a Cd value of 0.195, however without the lidar unit. But for 30 grand USD, a car that reminds you of the McLaren from the front, the Taycan from the side, and the Kia Stinger from the rear, it is stupendously good value. More impressive is the fact that they had designers from BMW and Mercedes who were responsible for the iX and the i7, the same guy was the chief designer of the SU7. The man from Mercedes was roped in to design its looks, the same man did the EQXX. Quite a team for a first car.
But that area has the density to do it. The majority of the U.S. is 10-15 years away from EVs being common. There appears to be no interest in installing local charging and 60% of potential buyers can't charge at home, work, or while out running errands. So even as we get a decent selection of used EVs people will still need to buy ICE here.
@davidmccarthy6061 true. More so perception than reality, trying is believing. Starting with figuring a charging routine is a good start, could be just charging at home. Easier to go EV in a 2 car fam. Every house & apt. has electricity, 240v is ideal, but 120v + some public charging can work. Some rural can charge only at home do a 180mi commute & save $$$.
@@davidmccarthy6061I don't think people understand how fast this can change. Plus, it doesn't really matter where in a country, or even the world, the sales are taking place. As long as EV manufacturers can sell all the cars they produce they don't care too much. They will continue ramping production, improving the technology, bringing down price, installing more chargers, etc making an EV the obvious choice for more and more people in more and more areas. It actually makes it easier to fully electrify a few areas and then spread, as this makes for a much better experience for those in the areas with lots of chargers, vs spreading the same number of chargers evenly around the country and making it take a long time before there's a decent amount in any given area.
I think you’re spot on about Tesla being an energy company - makes sense as the cars these days leave a lot to be desired. So many better options to recommend to people new to EVs, particularly outside of the US.
You are not wrong about Tesla, they already in Texas I think have their own energy company and recently had a job advertised for head of product for basically home supply. We already have the TESLA power wall and charger. It is clear that the energy market is where they are looking.
I understand her background was at a high level in finance and she COULD have been the best person for the job but, when the autopsy happens, it’s reasonable to ask if the designer should have been CEO and his wife taking on two combined C-level roles.
We eventually saved for PV (and solar thermal for hot water) and it’s lovely to have a place to store excess generation in the car rather than send back to the grid.
Tesla is not exclusively a car company and was never intended to be exclusively a car company. Their many businesses in energy arbitration, energy storage, and energy generation all align with their stated goal of accelerating the energy transition. And while profits from automotive sales are currently funding the company, their intention to have an automated transportation fleet along with their insurance arm shows that they are intentionally moving beyond supplying just the transportation hardware. Even other automobile companies are shifting to the energy service model. Specifically, GM is starting an energy storage subsidiary just like Tesla. Even historically, it should be noted that GM was primarily a finance company with GMAC where the majority of their profits came from automotive financing. Sticking with GM, GM bought the IT services company EDS in 1984 and then spun it off as an independent company in 1996. There is currently a growing overlap between battery companies, energy companies, and phone companies in China and the US. So the idea that Tesla may be moving to be an energy company is not unexpected.
Polestar Charge is definitely around in the UK (previously Plugsurfing). Generally I’ve found it is more expensive than just using the Tesla prices, unless you have a Polestar Charge subscription - in which case it’s 30% off the standard Polestar Charge prices. For me, not worth it, but it’ll be great if you have a use that case would benefit from a discount on Tesla plus other networks as well.
I think one of the factors folks overlook in the US market is how big the country is We have folks who commute insane distances daily. Road tripping here is different than European countries. Some of our states are larger than entire European countries Biased press and big distances tend to have folks still fearing range in an ev. The sorry state of our charging infrastructure doesnt help. The move to Tesla SC will help
The problem is not range anxiety, but range anxiety anxiety. People who drive EVs and have the ability to use Tesla Superchargers quickly learn that range is not an issue. We just need more people telling others about how easy it is to drive an EV long distances if you've got the Supercharger option.
The real problem in the US is most people have no clue how far they actually drive every day. They all think they drive 200-300 miles a day when really the average is more like 30-40mile a day. They also think its -40 everywhere and they need to tow trailers. The other issue is the media tells people EV can only do 50 miles, there is no where to charge and you need to replace the battery every year and it will cost $60,000
@@Hotspur37 There's a learning curve for the general public and it's being slowed by disinformation coming from some of our media. (Big Oil and Legacy Auto spend many, many billions on advertising each year.) I would like to see Tesla spend some modest money on a public education program. Maybe all that is needed is some short ads with EV drivers talking about how they have no problems getting around in their electric and how much money it saves them.
Just added another new EV registration to the U.K. numbers but the DVLA computer will not accept the vehicle code to allow the dealership to register it…………. As it’s a private lease/PCH will it show in the numbers?
@@EVNewsDaily that sheds a new light on Nissan (supposedly) walking away from any deal with them then, if they've done they due diligence and spotted that kind of shenanigans, I wouldn't want to associate my company with that dumpster fire for sure.
Aotearoa New Zealand was doing really well with New EV uptake until we got our new Wrong Wing government. EV subsidies gone overnight and road user charges start on the 1st of April, at the same rate as diesel light trucks 😢
Another Kiwi here. I’m OK with RUC and can’t wait for the whole fleet to move over to RUC. After that it will be interesting to see how pollution charges get allocated…probably a fee per litre of petrol or diesel. We bought a Model Y 2 years ago and price reductions means its the same price now as it was with the subsidy back then. I’d still have a subsidy personally though.
Why do companies come out with their first car in the segment with the least percentage of the market sales? I like that you give out range info in miles as well as kms. I'd like the same done for dimensions in inches as well as mms. US viewers don't think in mms.
My choice would be to get cars out in the public to build brand awareness. Profit would come with volume, as always. Start with a small suv with more interior space because it's an ev. Like the rumored US Explorer.
We are at the stage where EVs are becomming mainstream, and thus are starting to acquire economies of scale, like charging infrastructure, and many models allowing you to find vehicles that match your needs more perfectly. At some point, ICE will begin to lose it's economies of scale. They no longer have the undevided attention of auto development and sales, but they still have most of it. We will see it first in Norway, as the percentage of ICE vehicles on the road thins out, so will the fueling infrastructure. There will come a day when you won't want to buy a new ICE vehicle, because it hasn't been updated in 10 years, is expensive, the fuel is hard to find and expensive. By that time, chargers will be everywhere, and Tesla or somebody else will have a vehicle that does what you want. If they can make a class 8 semi that can go 500 miles, they can build something smaller, and frankly, the Silverado can do a lot right now.
How can they sell this car at a loss. That doesn’t leave the menu where to go. They can’t lower the price. They are hoping for volume. That just means they can’t upgrade or Change the car.
Ford: our Mustang Mach-E is not selling at current prices because the car computer platform and software sucks and it doesn’t even have a heat pump, also the AWD range sucks because we don’t have a clutch on the front PMS motor. So let’s increase the price and see if this helps!
Great show. I’ve been hearing about cheap, Chinese cars coming to America “any day now” for over a decade! I’m not sure why it’s never actually happened but I’ve heard intellectual property laws and failing safety standards were the barriers. Any truth to it?
One big reason they are not here is huge tariffs. If you bring low cost Chinese cars here, even with US standards for safety, it will seriously impact US car manufacturers. We don’t want to kill that industry and have China own USA. Please raise tariffs on vehicles from China.
The problem is tariffs. Apparently Chinese EVs would need to be slightly improved to meet US safety standards but they are meeting EU standards. What I'm watching for is one of the US legacy manufacturers (GM or Ford) decide that the only way their brand can survive is to import rebadged Chinese EVs. That would lead them to seek lower tariffs. The other route is for one or more Chinese EV manufacturers to open a final assembly plant in the US or Mexico in order to skirt US tariffs. BYD already has a battery powered bus and truck factory in the US. Greely/Volvo has an EV factory in the US. BYD seems to be working toward an EV factory in Mexico. Apparently labor costs in Mexico are now lower than costs in China. China has a shrinking labor pool due to their one child policy and aging population. By manufacturing in Mexico Chinese companies could save on labor costs, on shipping costs, and avoid US tariffs.
EV prices have to drop further. Model 3 type cars should be upper 20s. Model Y LR should be in the 35k. Kia EV9 should be upper 30s. Those prices make sense. The model 2 should be like a maverick truck was in the low 20s.
The Model Y Long Range is $36,590 in New Inventory if you qualify for the federal tax credit. That’s the deal of the year so far www.tesla.com/inventory/new/my?TRIM=LRAWD&arrangeby=plh&range=0
@@EVNewsDaily that sadly is for the short range. If the long range was 35 it world be in my drive. The range makes a difference because I road trip my EV.
@@ChicagoBob123 $48,990 - $7,500 federal subsidy = $41,490. You should save about $1k per year in fuel/maintenance costs so over a six year period the long range Model Y will cost you about the same as a $35k ICEV. You'll get a better ride and a safer ride for your money.
I’ll update my knowledge of pricing around the world. Here, Model X starts at 101k and EV9 for 66k (small battery) so different buyers but there’s got to be a price point they get closer.
@@EVNewsDaily Hi Martyn, and happy Easter! Overhere the dual motor Kia EV9 (380 HP awd) costs roughly the same as the Model X dual motor (the Plaid is 15,000 CHF more expensive). Given the choice between the two, probably some would choose the Model X. I tested the KIA EV9 GT awd and it just has enough power. The 200 HP rwd version must be a lame duck. 2024 Kia EV9 full review - crowned "2024 World Car of the Year" th-cam.com/video/9PZYaqs0JfI/w-d-xo.html
Martyn, you probably are right as I was watching on a different device. The comment should still be clear, you seem to really enjoy the products that support the 1.3+ 0:02 Chinese and not your local UK government or people. This does matter as you have a large viewer base. Your family may want to say in the Uk and will need a job to work at. Nothing against the Chinese people as they need jobs too, but not where they are talking over others' jobs.
There’s nothing made in this country apart from the LEAF, so I don’t gave a choice. The Jag I-PACE is a British brand but foreign owned, and that car is Austrian anyway. But for sure when we have a better choice of locally made products, we’ll look at that. For now we have the MG (which is SAIC) and Polestar (which is Chinese made) so I’ll be getting a Christmas card from Xi.
@EVNewsDaily Martyn, Ok. I will shut up. You're doing a great job, and I enjoy viewing both channels that I watch 😀. I'm glad you see.my point of view and I understand yours. 👍
Look at how many years Tesla operated at a loss while they scaled up to profitability. Ford and other legacy manufacturers have an additional problem. They have massive debt and need to keep making profits from their ICEVs while they scale EVs. But as ICEV demand drops they start losing economies of scale, causing the cost/price to rise which will drive more buyers to EVs.
No, if you look where the most of the people actually live and the where the charging netorks are its not a problem. Its a preceived problem because Americans seem to think they need to be able to drive across the country every day.
“What if Tesla was more of an energy company than an auto company”. Spoiler alert: this was always the plan. Elon even said that this would happen, several years ago.
Teslas mission is to transition the world to a sustainable energy future. They are really the catalyst for the market. They make people want evs, not just feel obligated. And yes, they are building their second Megapack factory now. They are already an energy company and that business may very well overtake the auto business in the coming years
In China, sorry to say as Elliot has told us as he lives in China it's not Tesla in their market, not anymore. BYD is bigger in that market than they are. Remember you are close to the EU so miss you not covering nearly as much EU EV news or UK EV news rather than US EV news quite so much.
Much slower EV adoption in USA is due to poor charging infrastructure and much lower cost fuel for ICE vehicles. US has done a pitiful job of providing incentives or penalties for HOAs, condominiums, and apartment adding charging.
This is why I go so big on J3400 becoming the standard and all thanks to Tesla, which I don’t think everyone appreciates yet. It saved U.S. fast charging and drove an entire industry forward.
@@jamesengland7461 We want to buy & install our own charger, but management won't allow it or price to get power to designated parking spot is cost prohibitive. I got around that problem but locating charger in a common area and installing a commercial unit that handles multiple accounts & direct billing to user.
I think a large problem is the availability of acceptable EVs. Outside of Tesla options are pretty bleak. Legacy companies like GM and Ford poo-pooed EVs for years and have yet to get really serious about producing EVs that the market wants. At the same time we've put up barriers against Chinese EVs. Access to rapid chargers has been a problem. But legacy caused that problem. Tesla offered, years ago, to let other brands of EVs use their Superchargers if the company would help with the cost of installing the chargers.
Martyn, it's sad to see a UK citizen so deeply into promoting the China made products by the Chinese government and employee Chinese people. With 1.3+ billion, their citizens can support their LOCAL brands. It's beginning to look like you are paid by these brands or somehow influenced to your daily promotion of them. You have a family, and they will NOT want to be owned by the China government.😢
@jamesengland7461 You must be Chinese or have money in Chinese products. No, the rest of the world does NOT want a mass takeover of made in China products. What happens if the S hits the fan. You will be screwed.
Let's face facts. A very large number of Chinese companies took EVs seriously years ago and have developed good quality EVs at very good prices. European and US manufacturers stuck their heads in the sand/oil pan and refused to take EVs seriously. This mirrors the "Japanese car invasion" of the 1970s when Japan began exporting good quality, efficient, low priced cars into the US market but Detroit ignored what was happening. Detroit gave massive amounts of the market to Japanese manufacturers out of stupidity. And now they are repeating that sort of foolishness with EVs.
@@bobwallace9753 exactly. Do I want China to dominate? No! But what I really want is my country to put in the real effort to become competitive and win on our own merits
Timestamps and story links:
00:00 Intro
00:51 2024 Mustang Mach-E Pricing Update
insideevs.com/news/714208/2024-ford-mustang-mache-prices/
03:15 Ford Reduces Workforce at Electric F-150 Factory Amid Slowing EV Sales
www.autoblog.com/2024/03/28/ford-cuts-jobs-at-f-150-lightning-plant-in-dearborn-mi-as-ev-sales-slow/
04:38 Kia EV9 Set for US Production and Full Tax Credit Eligibility
insideevs.com/news/714253/kia-georgia-plant-running-ev9/
06:11 Global Surge in Electric Vehicle Adoption
news.google.com/rss/articles/CBMibGh0dHBzOi8vd3d3LmJsb29tYmVyZy5jb20vbmV3cy9hcnRpY2xlcy8yMDI0LTAzLTI4L2VsZWN0cmljLWNhcnMtcGFzcy1hZG9wdGlvbi10aXBwaW5nLXBvaW50LWluLTMxLWNvdW50cmllc9IBAA?oc=5
14:00 Xiaomi Unveils SU7 EV, Challenging Tesla with Competitive Pricing
cnevpost.com/2024/03/28/xiaomi-launches-su7/
22:30 Fisker's Payment Mismanagement During Ocean Deliveries
www.teslarati.com/fisker-lost-millions-of-customer-payments-report/
25:50 Polestar EV Charging Service in Europe Includes Superchargers
www.electrive.com/2024/03/28/polestar-launches-polestar-charge-in-europe/
30:28 Stellantis Plans Over 3,000 Voluntary Layoffs in Italy
www.autoblog.com/2024/03/27/new-stellantis-layoffs-mean-over-3000-jobs-set-to-go-in-italy/
31:48 CATL to License LFP Battery Tech to GM with Plans for North American Factory
news.google.com/rss/articles/CBMicWh0dHBzOi8vY2FybmV3c2NoaW5hLmNvbS8yMDI0LzAzLzI4L2NhdGwtbmVnb3RpYXRpbmctbGljZW5zaW5nLWxmcC1iYXR0ZXJ5LXRlY2gtdG8tZ20tYW5kLXRvLWJ1aWxkLWpvaW50LWZhY3Rvcnkv0gEA?oc=5
33:26 CATL Unveils Durable EV Battery with 15-Year Lifespan
www.notebookcheck.net/Electric-vehicles-can-claim-15-year-warranty-as-CATL-outs-million-mile-battery-with-zero-degradation-in-1000-cycles.819405.0.html
34:42 Support www.patreon.com/EVNewsDaily
PS I love your channel. Your insights, the pace when speaking and your voice is excellent.
Tipping point? I reached it 4.5 years ago when I bought my 2019 Model 3. There is NO WAY I’ll ever buy another ICE car.
Cheers Martyn.
nor me mate
Australia is nearing 170,000 EVs and nearing 10.0 % market share. Been driving an EV for the last 5 years never going back to ICE ever again.
scaling up the production of EVs is one thing that drives down the cost. but the real driver is innovation that makes the product cheaper and better.
i always make this comparison to illustrate that progress of 10years EV development comparing the id.7 with the first tesla model s:
* half the price (adjusted for inflation)
* double the range
* tripple the charging speed
Adding to your points above for the SU7, it is the most aerodynamic production EV on sale with a Cd value of 0.195, however without the lidar unit. But for 30 grand USD, a car that reminds you of the McLaren from the front, the Taycan from the side, and the Kia Stinger from the rear, it is stupendously good value. More impressive is the fact that they had designers from BMW and Mercedes who were responsible for the iX and the i7, the same guy was the chief designer of the SU7. The man from Mercedes was roped in to design its looks, the same man did the EQXX. Quite a team for a first car.
Xiaomi aren’t playing are they? Very impressive
The design still looks outdated. thats what you get, when youré trying to combine copied design elements from different 5-10 year old cars!
Tipping 1st in city hot spots like Southern California, then spreading.
But that area has the density to do it. The majority of the U.S. is 10-15 years away from EVs being common. There appears to be no interest in installing local charging and 60% of potential buyers can't charge at home, work, or while out running errands. So even as we get a decent selection of used EVs people will still need to buy ICE here.
@davidmccarthy6061 true. More so perception than reality, trying is believing. Starting with figuring a charging routine is a good start, could be just charging at home. Easier to go EV in a 2 car fam. Every house & apt. has electricity, 240v is ideal, but 120v + some public charging can work. Some rural can charge only at home do a 180mi commute & save $$$.
@@davidmccarthy6061I don't think people understand how fast this can change. Plus, it doesn't really matter where in a country, or even the world, the sales are taking place. As long as EV manufacturers can sell all the cars they produce they don't care too much. They will continue ramping production, improving the technology, bringing down price, installing more chargers, etc making an EV the obvious choice for more and more people in more and more areas. It actually makes it easier to fully electrify a few areas and then spread, as this makes for a much better experience for those in the areas with lots of chargers, vs spreading the same number of chargers evenly around the country and making it take a long time before there's a decent amount in any given area.
I think you’re spot on about Tesla being an energy company - makes sense as the cars these days leave a lot to be desired. So many better options to recommend to people new to EVs, particularly outside of the US.
Charging Infrastructure is not quite there yet in America but as it gets fleshed out, the adoption will grow.
I prefer the video version on TH-cam.
I’ve been wanting an in car refrigerator to keep drinks cool on a road trip or to keep my produce fresh after a visit to the farmers market.
You are not wrong about Tesla, they already in Texas I think have their own energy company and recently had a job advertised for head of product for basically home supply. We already have the TESLA power wall and charger. It is clear that the energy market is where they are looking.
Problem in the US is fast and furious has done a movie where they steal electric vehicles yet.
Geeta the CFO and COO of Fisker should never be allowed to hold a C-level position ever again.
I understand her background was at a high level in finance and she COULD have been the best person for the job but, when the autopsy happens, it’s reasonable to ask if the designer should have been CEO and his wife taking on two combined C-level roles.
yeap never going back, currently own a Model 3 and Y, next is home solar power :)
We eventually saved for PV (and solar thermal for hot water) and it’s lovely to have a place to store excess generation in the car rather than send back to the grid.
Tesla is not exclusively a car company and was never intended to be exclusively a car company. Their many businesses in energy arbitration, energy storage, and energy generation all align with their stated goal of accelerating the energy transition. And while profits from automotive sales are currently funding the company, their intention to have an automated transportation fleet along with their insurance arm shows that they are intentionally moving beyond supplying just the transportation hardware.
Even other automobile companies are shifting to the energy service model. Specifically, GM is starting an energy storage subsidiary just like Tesla. Even historically, it should be noted that GM was primarily a finance company with GMAC where the majority of their profits came from automotive financing. Sticking with GM, GM bought the IT services company EDS in 1984 and then spun it off as an independent company in 1996.
There is currently a growing overlap between battery companies, energy companies, and phone companies in China and the US. So the idea that Tesla may be moving to be an energy company is not unexpected.
You left out humanoid bots which are likely to be a very major industry.
Polestar Charge is definitely around in the UK (previously Plugsurfing).
Generally I’ve found it is more expensive than just using the Tesla prices, unless you have a Polestar Charge subscription - in which case it’s 30% off the standard Polestar Charge prices.
For me, not worth it, but it’ll be great if you have a use that case would benefit from a discount on Tesla plus other networks as well.
Thanks! Just tried it on an InstaVolt and yep, a very Plugsurfing experience
I thought that GM is kicking dust with EV promises, but what is happening to Stelantis? Tech layoffs? Hopping for the best for them
As soon as the charger infrastructure gets better the EV adoption here in the USA will take off IMO.
The S curve tipping point (or inflection point) is 20% not 5%.
That will happen sometime next year for most OECD countries.
I think one of the factors folks overlook in the US market is how big the country is We have folks who commute insane distances daily. Road tripping here is different than European countries. Some of our states are larger than entire European countries Biased press and big distances tend to have folks still fearing range in an ev. The sorry state of our charging infrastructure doesnt help. The move to Tesla SC will help
The problem is not range anxiety, but range anxiety anxiety. People who drive EVs and have the ability to use Tesla Superchargers quickly learn that range is not an issue. We just need more people telling others about how easy it is to drive an EV long distances if you've got the Supercharger option.
The real problem in the US is most people have no clue how far they actually drive every day. They all think they drive 200-300 miles a day when really the average is more like 30-40mile a day. They also think its -40 everywhere and they need to tow trailers. The other issue is the media tells people EV can only do 50 miles, there is no where to charge and you need to replace the battery every year and it will cost $60,000
@@Hotspur37
There's a learning curve for the general public and it's being slowed by disinformation coming from some of our media. (Big Oil and Legacy Auto spend many, many billions on advertising each year.)
I would like to see Tesla spend some modest money on a public education program. Maybe all that is needed is some short ads with EV drivers talking about how they have no problems getting around in their electric and how much money it saves them.
Just added another new EV registration to the U.K. numbers but the DVLA computer will not accept the vehicle code to allow the dealership to register it…………. As it’s a private lease/PCH will it show in the numbers?
That Fisker fiasco is mind blowing. You can't make this shit up
Suspect many more stories will surprise when the book of Fisker is written
@@EVNewsDaily that sheds a new light on Nissan (supposedly) walking away from any deal with them then, if they've done they due diligence and spotted that kind of shenanigans, I wouldn't want to associate my company with that dumpster fire for sure.
Aotearoa New Zealand was doing really well with New EV uptake until we got our new Wrong Wing government. EV subsidies gone overnight and road user charges start on the 1st of April, at the same rate as diesel light trucks 😢
Another Kiwi here. I’m OK with RUC and can’t wait for the whole fleet to move over to RUC. After that it will be interesting to see how pollution charges get allocated…probably a fee per litre of petrol or diesel.
We bought a Model Y 2 years ago and price reductions means its the same price now as it was with the subsidy back then.
I’d still have a subsidy personally though.
Why do companies come out with their first car in the segment with the least percentage of the market sales? I like that you give out range info in miles as well as kms. I'd like the same done for dimensions in inches as well as mms. US viewers don't think in mms.
Good shout - will do
By least percentage, do you mean most profitable?
My choice would be to get cars out in the public to build brand awareness. Profit would come with volume, as always. Start with a small suv with more interior space because it's an ev. Like the rumored US Explorer.
Dropping prices is a tipping point to disaster, US infrastructure is simply not ready.
We would love to hear you're (consprioucy) ops Theory about Tesla?
We are at the stage where EVs are becomming mainstream, and thus are starting to acquire economies of scale, like charging infrastructure, and many models allowing you to find vehicles that match your needs more perfectly. At some point, ICE will begin to lose it's economies of scale. They no longer have the undevided attention of auto development and sales, but they still have most of it. We will see it first in Norway, as the percentage of ICE vehicles on the road thins out, so will the fueling infrastructure. There will come a day when you won't want to buy a new ICE vehicle, because it hasn't been updated in 10 years, is expensive, the fuel is hard to find and expensive. By that time, chargers will be everywhere, and Tesla or somebody else will have a vehicle that does what you want. If they can make a class 8 semi that can go 500 miles, they can build something smaller, and frankly, the Silverado can do a lot right now.
How can they sell this car at a loss. That doesn’t leave the menu where to go. They can’t lower the price. They are hoping for volume. That just means they can’t upgrade or Change the car.
Ford: our Mustang Mach-E is not selling at current prices because the car computer platform and software sucks and it doesn’t even have a heat pump, also the AWD range sucks because we don’t have a clutch on the front PMS motor. So let’s increase the price and see if this helps!
Great show. I’ve been hearing about cheap, Chinese cars coming to America “any day now” for over a decade! I’m not sure why it’s never actually happened but I’ve heard intellectual property laws and failing safety standards were the barriers. Any truth to it?
One big reason they are not here is huge tariffs. If you bring low cost Chinese cars here, even with US standards for safety, it will seriously impact US car manufacturers. We don’t want to kill that industry and have China own USA. Please raise tariffs on vehicles from China.
The problem is tariffs. Apparently Chinese EVs would need to be slightly improved to meet US safety standards but they are meeting EU standards.
What I'm watching for is one of the US legacy manufacturers (GM or Ford) decide that the only way their brand can survive is to import rebadged Chinese EVs. That would lead them to seek lower tariffs.
The other route is for one or more Chinese EV manufacturers to open a final assembly plant in the US or Mexico in order to skirt US tariffs.
BYD already has a battery powered bus and truck factory in the US. Greely/Volvo has an EV factory in the US. BYD seems to be working toward an EV factory in Mexico.
Apparently labor costs in Mexico are now lower than costs in China. China has a shrinking labor pool due to their one child policy and aging population. By manufacturing in Mexico Chinese companies could save on labor costs, on shipping costs, and avoid US tariffs.
Xiaomi is not just challenging Tesla. Bio, BYD, etc. they are all under pressure.
EV prices have to drop further. Model 3 type cars should be upper 20s. Model Y LR should be in the 35k. Kia EV9 should be upper 30s. Those prices make sense. The model 2 should be like a maverick truck was in the low 20s.
The Model Y Long Range is $36,590 in New Inventory if you qualify for the federal tax credit. That’s the deal of the year so far www.tesla.com/inventory/new/my?TRIM=LRAWD&arrangeby=plh&range=0
@@EVNewsDaily that sadly is for the short range. If the long range was 35 it world be in my drive. The range makes a difference because I road trip my EV.
These things take time.
@@ChicagoBob123
$48,990 - $7,500 federal subsidy = $41,490.
You should save about $1k per year in fuel/maintenance costs so over a six year period the long range Model Y will cost you about the same as a $35k ICEV.
You'll get a better ride and a safer ride for your money.
@@bobwallace9753I can't argue with you but a promise of money saved tomorrow doesn't do much for money needed today.
Surely the Tesla Model X is a competitor of the Kia EV9
I’ll update my knowledge of pricing around the world. Here, Model X starts at 101k and EV9 for 66k (small battery) so different buyers but there’s got to be a price point they get closer.
@@EVNewsDaily Hi Martyn, and happy Easter! Overhere the dual motor Kia EV9 (380 HP awd) costs roughly the same as the Model X dual motor (the Plaid is 15,000 CHF more expensive). Given the choice between the two, probably some would choose the Model X. I tested the KIA EV9 GT awd and it just has enough power. The 200 HP rwd version must be a lame duck.
2024 Kia EV9 full review - crowned "2024 World Car of the Year"
th-cam.com/video/9PZYaqs0JfI/w-d-xo.html
Martyn, you probably are right as I was watching on a different device. The comment should still be clear, you seem to really enjoy the products that support the 1.3+ 0:02 Chinese and not your local UK government or people. This does matter as you have a large viewer base. Your family may want to say in the Uk and will need a job to work at. Nothing against the Chinese people as they need jobs too, but not where they are talking over others' jobs.
There’s nothing made in this country apart from the LEAF, so I don’t gave a choice. The Jag I-PACE is a British brand but foreign owned, and that car is Austrian anyway. But for sure when we have a better choice of locally made products, we’ll look at that. For now we have the MG (which is SAIC) and Polestar (which is Chinese made) so I’ll be getting a Christmas card from Xi.
@EVNewsDaily Martyn, Ok. I will shut up. You're doing a great job, and I enjoy viewing both channels that I watch
😀. I'm glad you see.my point of view and I understand yours. 👍
Ford reducing the price of a loss making product has got to hurt…
Look at how many years Tesla operated at a loss while they scaled up to profitability.
Ford and other legacy manufacturers have an additional problem. They have massive debt and need to keep making profits from their ICEVs while they scale EVs. But as ICEV demand drops they start losing economies of scale, causing the cost/price to rise which will drive more buyers to EVs.
Martyn, where have you beeeeen?
The US will take a little bit longer because of geographic size compared to the charger network. Build more chargers and more EV's will come.
No, if you look where the most of the people actually live and the where the charging netorks are its not a problem. Its a preceived problem because Americans seem to think they need to be able to drive across the country every day.
“What if Tesla was more of an energy company than an auto company”. Spoiler alert: this was always the plan. Elon even said that this would happen, several years ago.
Teslas mission is to transition the world to a sustainable energy future. They are really the catalyst for the market. They make people want evs, not just feel obligated. And yes, they are building their second Megapack factory now. They are already an energy company and that business may very well overtake the auto business in the coming years
In China, sorry to say as Elliot has told us as he lives in China it's not Tesla in their market, not anymore. BYD is bigger in that market than they are. Remember you are close to the EU so miss you not covering nearly as much EU EV news or UK EV news rather than US EV news quite so much.
You have stop doing this again I like these please don’t stop
Chinese companies lie a lot but constantly improve over time.
Ford and GM don't lie?
Mary has told lie after lie after lie when it comes to EVs.
Much slower EV adoption in USA is due to poor charging infrastructure and much lower cost fuel for ICE vehicles. US has done a pitiful job of providing incentives or penalties for HOAs, condominiums, and apartment adding charging.
This is why I go so big on J3400 becoming the standard and all thanks to Tesla, which I don’t think everyone appreciates yet. It saved U.S. fast charging and drove an entire industry forward.
Incentives or penalties? That's just bullying. Buy and install your own charger.
@@jamesengland7461 We want to buy & install our own charger, but management won't allow it or price to get power to designated parking spot is cost prohibitive. I got around that problem but locating charger in a common area and installing a commercial unit that handles multiple accounts & direct billing to user.
I think a large problem is the availability of acceptable EVs. Outside of Tesla options are pretty bleak. Legacy companies like GM and Ford poo-pooed EVs for years and have yet to get really serious about producing EVs that the market wants. At the same time we've put up barriers against Chinese EVs.
Access to rapid chargers has been a problem. But legacy caused that problem. Tesla offered, years ago, to let other brands of EVs use their Superchargers if the company would help with the cost of installing the chargers.
Martyn, it's sad to see a UK citizen so deeply into promoting the China made products by the Chinese government and employee Chinese people. With 1.3+ billion, their citizens can support their LOCAL brands. It's beginning to look like you are paid by these brands or somehow influenced to your daily promotion of them. You have a family, and they will NOT want to be owned by the China government.😢
You typed that message on a device which had nothing to do with China, naturally. Right?
This is a news channel. China is making news. To be impressed by Chinese evs is to be warned to step up your competitive game in order to beat them.
@jamesengland7461 You must be Chinese or have money in Chinese products. No, the rest of the world does NOT want a mass takeover of made in China products. What happens if the S hits the fan. You will be screwed.
Let's face facts. A very large number of Chinese companies took EVs seriously years ago and have developed good quality EVs at very good prices. European and US manufacturers stuck their heads in the sand/oil pan and refused to take EVs seriously.
This mirrors the "Japanese car invasion" of the 1970s when Japan began exporting good quality, efficient, low priced cars into the US market but Detroit ignored what was happening. Detroit gave massive amounts of the market to Japanese manufacturers out of stupidity. And now they are repeating that sort of foolishness with EVs.
@@bobwallace9753 exactly. Do I want China to dominate? No! But what I really want is my country to put in the real effort to become competitive and win on our own merits
Why are EVs so awesome but Formula E so sh*te compared to F1?